UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 Not Applicable ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-37397 Rimini Street, Inc. (Exact name of registrant as specified in its charter) Delaware 36-4880301 (State or other ...

Financial Data and Key Metrics Changes - Revenue for Q1 2023 was a record $105.5 million, representing a year-over-year increase of 7.8% [35] - Annualized recurring revenue reached $408.3 million, a year-over-year increase of 6.1% [36] - Net income attributable to shareholders was $5.6 million, an increase of 82.7% year-over-year [47] - Adjusted EBITDA for Q1 was $16.6 million, or 15.7% of revenue, compared to $12.9 million, or 13.2% of revenue for the prior year [48] - Cash and short-term investments totaled $135 million, compared to $129 million as of December 31, 2022 [49] Business Line Data and Key Metrics Changes - The company launched its expanded solutions portfolio, including the Rimini ONE offering, which has already signed over 100 clients [11][12] - The revenue retention rate for service subscriptions was 92% for the trailing 12 months, with more than 75% of subscription revenue being non-cancelable for at least 12 months [36] Market Data and Key Metrics Changes - Clients in the United States represented 50.6% of total revenue, while international clients contributed 49.4% [35] - International revenue growth was 14%, compared to 2% growth in the U.S. [58] Company Strategy and Development Direction - The company aims to consolidate IT service providers for clients, enhancing vendor management and purchasing power [16] - The focus is on increasing sales execution in the U.S. market, which is seen as a key area for growth [58][60] - The company is positioned to help clients navigate economic pressures by reallocating IT spending towards innovation [97] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for their services, noting that economic uncertainty often leads to increased interest in their offerings [65][97] - The company is focused on improving sales execution in the U.S. to capitalize on existing demand [58][60] - Management anticipates a strong third quarter, contrasting it with previous years' challenges [94] Other Important Information - The company has been in litigation with Oracle for over 12 years, with ongoing proceedings that do not currently prohibit support services for Oracle products [26][28] - The company expects to maintain a strong balance sheet while managing litigation costs, with outside litigation expenses projected to be around $10 million for the full year [46] Q&A Session Summary Question: What needs to be accomplished for U.S. growth? - Management acknowledged the need for improved sales execution in the U.S. and noted a 20% higher pipeline for Q2 compared to the previous year [57] Question: What is the expected acceleration in demand? - Management believes that demand is strong and that execution is the primary challenge, with improvements expected as they enhance their sales efforts [59][60] Question: How are sales cycles and decision-making impacted by the macro environment? - Management indicated that economic uncertainty has not negatively impacted their pipeline and that they are often sought after during challenging times [65] Question: What is the average sales price for support deals? - The average sales price for a support deal is approximately $200,000, but variability exists in new offerings like Rimini ONE [67] Question: What are the expectations for billings growth? - Management expressed dissatisfaction with the 2% growth in North America and aims for over 20% growth overall [85] Question: What is the customer count? - The company has over 3,000 aggregate clients, with more than 1,500 unique clients [74]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-37397 Rimini Street, Inc. (Exact name of registrant as specified in its charter) Delaware 36-4880301 (State or other jurisdiction ...

Rimini Street, Inc. (NASDAQ:RMNI) Q4 2022 Earnings Conference Call March 1, 2023 5:00 PM ET Company Participants Dean Pohl - Vice President of Investor Relations Seth Ravin - Chief Executive Officer Michael Perica - Chief Financial Officer Conference Call Participants Jeffrey Van Rhee - Craig-Hallum Brian Kinstlinger - Alliance Global Partners Andrew Sherman - Cowen and Company Operator Good afternoon ladies and gentlemen, and welcome to the Rimini Street Earnings Conference Call. At this time, all particip ...

☑ Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☐ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission File Number 001-37397 Rimini Street, Inc. (Exact name of registrant as specified in its charter) Delaware 36-4880301 (State or other jurisdiction of inc ...

Rimini Street, Inc. (NASDAQ:RMNI) Q3 2022 Results Conference Call November 2, 2022 5:00 PM ET Company Participants Dean Pohl - Vice President of Investor Relations Seth Ravin - President and Chief Executive Officer Michael Perica - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Kinstlinger - A.G.P Andrew Sherman - Cowen and Company Jeffrey Van Rhee - Craig-Hallum Operator Good afternoon ladies and gentlemen, and welcome to the Rimini Street Earnings Conference Call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-37397 Rimini Street, Inc. (Exact name of registrant as specified in its charter) Delaware 36-4880301 (State or other jurisdict ...

Rimini Street, Inc. (NASDAQ:RMNI) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Dean Pohl - VP, IR Seth Ravin - Founder, Chairman & CEO Michael Perica - EVP, CFO & Principal Accounting Officer Conference Call Participants Andrew Sherman - Cowen and Company Brian Kinstlinger - Alliance Global Partners Jeff Van Rhee - Craig-Hallum Operator Good afternoon, ladies and gentlemen, and welcome to the Rimini Street's Earnings Conference Call. [Operator Instructions]. I will now tur ...

Financial Performance - For the three months ended June 30, 2022, the company generated revenue of $101.2 million, representing a 10% increase from $91.6 million in the same period of 2021[132]. - Revenue increased from $91.6 million for the three months ended June 30, 2021, to $101.2 million for the three months ended June 30, 2022, an increase of $9.6 million or 10%[155]. - Revenue increased from $179.5 million for the six months ended June 30, 2021 to $199.1 million for the same period in 2022, an increase of $19.6 million or 11%[172]. - Annualized recurring revenue was $397 million as of June 30, 2022, compared to $362 million as of June 30, 2021, indicating a growth in the client base[149]. - The revenue retention rate improved to 95% for the 12 months ended June 30, 2022, compared to 94% for the same period in 2021, indicating strong client loyalty[151]. - Gross profit increased from $57.0 million for the three months ended June 30, 2021 to $63.9 million for the same period in 2022, an increase of $6.8 million or 12%[159]. - Gross profit margin was approximately 63.1% for the three months ended June 30, 2022, up from 62.2% for the same period in 2021, demonstrating operational efficiency[153]. - Operating income increased by 24.1% from $4.6 million for the three months ended June 30, 2021, to $5.7 million for the same period in 2022[154]. - Net income for the six months ended June 30, 2022 was $3.2 million, a slight decrease of 1.1% compared to $3.2 million for the same period in 2021[171]. Client Base and Market Presence - As of June 30, 2022, the company supported over 2,900 active clients globally, including 71 Fortune 500 companies and 16 Fortune Global 100 companies[131]. - The number of active clients increased from 2,640 as of June 30, 2021, to over 2,900 as of June 30, 2022, reflecting successful sales and marketing efforts[145]. - Approximately 53% of the company's revenue for the three months ended June 30, 2022, was generated in the United States, while 47% was from foreign jurisdictions[132]. - Approximately 47% of revenue for the three months ended June 30, 2022, was generated from international business, compared to 46% in the same period of 2021[209]. Expenses and Costs - The cost of revenue rose from $34.6 million for the three months ended June 30, 2021, to $37.3 million for the same period in 2022, an increase of 8%[156]. - General and administrative expenses increased from $16.5 million for the three months ended June 30, 2021 to $18.9 million for the same period in 2022, an increase of $2.4 million or 14%[162]. - Sales and marketing expenses increased from $33.2 million for the three months ended June 30, 2021 to $36.2 million for the same period in 2022, an increase of $3.0 million or 9%[160]. - Interest expense increased from $38 thousand for the three months ended June 30, 2021 to $1.0 million for the same period in 2022, an increase of $1.0 million[166]. - Litigation costs, net of related insurance recoveries, increased from $2.8 million for the three months ended June 30, 2021 to $3.1 million for the same period in 2022, an increase of $0.3 million[164]. - General and administrative expenses increased by $5.7 million or 17%, from $33.1 million for the six months ended June 30, 2021, to $38.8 million for the same period in 2022[177]. - Interest expense rose significantly from $85 thousand to $1.8 million, an increase of $1.7 million, primarily due to a new $90 million Credit Facility[180]. Cash Flow and Capital Management - Cash flows from operating activities for the six months ended June 30, 2022, were approximately $60.8 million, up from $47.2 million in the same period of 2021[192]. - The company had available cash, cash equivalents, and restricted cash of $160.6 million as of June 30, 2022[184]. - Deferred revenue amounted to $255.4 million as of June 30, 2022, reflecting the company's business model of collecting cash in advance for services[189]. - Cash utilized in financing activities for the six months ended June 30, 2022, was $10.7 million, down from $20.2 million in the same period of 2021[202][203]. - The principal payments related to the Credit Facility amounted to $7.3 million for the six months ended June 30, 2022[202]. Strategic Initiatives and Innovations - The company launched Rimini Protect™, a suite of security solutions providing proactive security protection for Oracle and SAP environments in July 2022[122]. - The company expanded its Application Management Services (AMS) to include support for leading open source database platforms, including MySQL and PostgreSQL, in September 2020[123]. - The company aims to innovate and deliver new products and services to meet the evolving needs of its clients in the enterprise software support market[120]. - The company expects to continue investing in the development and improvement of new and existing products and services to address client needs[138]. Stock and Debt Management - The company acquired 0.7 million shares of Common Stock on the open market at a total cost of $3.7 million during the six months ended June 30, 2022[143]. - The company has authorized an increase in its Common Stock repurchase program from up to $15.0 million to up to $50.0 million over the next four years[141]. - The company had $80.5 million outstanding debt under the Credit Facility as of June 30, 2022[214]. - A hypothetical adverse change of 100 basis points in LIBOR would increase annual interest expense by approximately $0.8 million[214]. Foreign Currency and Risk Management - The effect of foreign currency translation resulted in unfavorable impacts of $7.7 million for the six months ended June 30, 2022, compared to $3.3 million in the same period of 2021[193]. - The company experienced a significant change in foreign currency exchange rates that materially impacted its financial statements due to the strengthening of the U.S. dollar[210]. - The company has not engaged in hedging foreign currency transactions to date but is evaluating the costs and benefits of such a program[209]. - The company does not intend to repatriate amounts invested overseas back to the U.S.-based parent[204]. - The company entered into an interest rate swap for a notional value of $40.0 million on May 18, 2022[214].

00000000 0000000 0000000 10 0 00000 0000 Investor Presentation May 2022 Rimini Street Legal Notice © 2022 Rimini Street, Inc. All rights reserved. "Rimini Street" is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims ...